View Our Homes http://www.view-our-homes.com a blog about Calgary and Area Real Estate en-ca (C) 1996-2018 Norm Rousseau & Sylvia Garrett MaxWell Realty 120 Wed, 05 Dec 2018 05:58:00 G12T Wed, 05 Dec 2018 05:58:00 G12T http://www.view-our-homes.com/Post/71c3ddc6-1bcb-422f-9be7-f34b67d25157 Wed, 05 Dec 2018 05:58:00 G12T http://www.view-our-homes.com/Post/71c3ddc6-1bcb-422f-9be7-f34b67d25157 <p><b> Detached </b><p>• Detached sales declined across all districts in November. With citywide sales of 679 units, activity remains 21 per cent below Housing Market Facts for November 2018 with typical levels for the month. <p>• New listings eased by three per cent compared to last year, due to declines mostly in the North East, North and South East districts. Year-to-date new listings this year have increased in all areas except the North East and East districts.<p>• Inventories in the detached sector totalled 3,491 units, 26 per cent higher than last year’s levels. Months of supply sits at five months, well above the three-month typical for November. <p>• Detached benchmark prices totalled $486,000 in November, a one per cent decline over last month and a three per cent decline over last year. This is nearly seven per cent below monthly highs recorded in October 2014. <p>• Prices have eased across all districts in November. On a year-to-date basis, the largest declines this year have occurred in the North East and North districts. This is likely due to the increased competition from the new-home sector. The districts that remain furthest from price recovery are the North West and South districts. HOUSING MARKET FACTS CREB NOV. 2018 Norm Rousseau http://www.view-our-homes.com/Post/f89b8e95-4ab6-4e7e-9b3a-aad7ba53bc73 Wed, 05 Dec 2018 05:52:34 G12T http://www.view-our-homes.com/Post/f89b8e95-4ab6-4e7e-9b3a-aad7ba53bc73 <p>Challenging economic conditions continue to impact the resale market<p>Published December 3, 2018<p>Sitting below long term Averages<p>November sales in the city totaled 1,171 units. For the year so far, sales activity has totaled 15,349 units, a 14 per cent decline over last year and nearly 20 per cent below long-term averages. “Recent challenges in the energy sector have weighed on consumer confidence over the past month. Combined with weakness in the employment market and further gains in lending rates, this is impacting ownership demand,” said CREB® chief economist Ann-Marie Lurie. CREB Stats City of Calgary November, 2018 Norm Rousseau http://www.view-our-homes.com/Post/ad1749b8-beb4-4471-87fe-3d9e4795124e Fri, 30 Nov 2018 11:35:39 G11T http://www.view-our-homes.com/Post/ad1749b8-beb4-4471-87fe-3d9e4795124e <p><a href="http://www.view-our-homes.com/File/clipimage0022.jpg"><img width="491" height="270" title="clip_image002" style="display: inline; background-image: none;" alt="clip_image002" src="http://www.view-our-homes.com/File/clipimage002thumb.jpg" border="0"></a><p>Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. 7 Reasons to List Your House For Sale This Holiday Season Norm Rousseau http://www.view-our-homes.com/Post/1d59206f-29cd-4c3c-9792-f032d72c8460 Mon, 12 Nov 2018 04:19:47 G11T http://www.view-our-homes.com/Post/1d59206f-29cd-4c3c-9792-f032d72c8460 <p>Calgary house prices are sliding and a new report from the Canada Mortgage and Housing Corporation indicates that trend could continue. <p><font size="1">Amanda Stephenson, Calgary Herald Updated: October 25, 2018</font><p><a href="http://www.view-our-homes.com/File/house-graph2.jpg"><img width="361" height="242" title="Chart price changes and the symbolic house. Financial concept" align="left" style="margin: 0px 19px 0px 0px; float: left; display: inline; background-image: none;" alt="Chart price changes and the symbolic house. Financial concept" src="http://www.view-our-homes.com/File/house-graphthumb.jpg" border="0"></a>Calgary house prices are sliding and a new report from the Canada Mortgage and Housing Corp. indicates that trend could continue.<p>In its quarterly Housing Market Assessment, released Thursday, the CMHC said Calgary’s housing market indicates a “moderate” degree of vulnerability as a result of overbuilding. Calgary is still a buyer’s market, with the inventory of unsold new homes outpacing demand. Overbuilding drags down Calgary house prices CMHC report Norm Rousseau http://www.view-our-homes.com/Post/4d53558a-4e08-409d-8936-91f00644eae6 Fri, 02 Nov 2018 01:07:21 G11T http://www.view-our-homes.com/Post/4d53558a-4e08-409d-8936-91f00644eae6 <p><b>Calgary - October 2018</b><p><b>Apartment</b><ul><li>Year-to-date apartment sales have totaled 2,316 units, nearly seven per cent below last year. New listings have also eased by six per cent, helping reduce the amount of inventory in the market.<li>Despite the easing inventories, the months of supply remains elevated at 7 months. <li>Year-to-date apartment condominium prices have eased by 2.8 per cent and remain 14 per cent below 2014 highs. Declines occurred across all districts, with the steepest declines occurring in the North East, East and South districts.</li></ul><p><b>Attached</b><ul><li>The attached sector has recorded year-to-date sales of 3,098. This is 15 per cent below last year and 14 per cent below long-term averages. <li>Meanwhile, despite recent easing in new listings, October inventories are the highest level on record.<li>The oversupply is affecting both the semi-detached and row sectors, which have seen prices trend down over the past 5 months.<li>Year-to-date, row benchmark prices have averaged $298,140 this year, nearly two per cent below last year and nine per cent below previous highs. <li>However, prices have remained relatively flat in both the City Centre and North West districts.<li>As of October, semi-detached prices were $403,400, one per cent lower than last month and nearly three per cent lower than last year. Despite recent declines, year-to-date citywide prices remain relatively flat compared to last year. This was most due to gains in the City Centre, North East and East districts offsetting declines in the North West, South and South East.</li></ul> HOUSING MARKET FACTS Norm Rousseau http://www.view-our-homes.com/Post/33538558-0fb6-46da-9dc3-c8c9516d0aaa Fri, 02 Nov 2018 01:02:28 G11T http://www.view-our-homes.com/Post/33538558-0fb6-46da-9dc3-c8c9516d0aaa <p><b>Calgary October 2018</b><p><b>Detached</b><ul><li>Detached sales in October totaled 829 units, for an 8.6-per-cent decline, resulting in a year-to-date decline of 15 per cent. This is the slowest level of detached sales since the late ’90s. <li>Year-to-date, the largest decline in sales occurred in the $600,000 – $999,999 price range, reflecting slow demand coming from move-up buyers.<li>For the second month in a row, new-listing growth eased, helping prevent further inventory gains. However, as this segment remains oversupplied, prices continue to trend down. <li>Detached benchmark prices totaled $490,200 in October. This is below last month and three per cent below last year. On a year-to-date basis, prices remain one per cent below last year’s levels.<li>As of October, year-over-year prices have eased across all districts, with the largest declines occurring in the North East, North West, South and South East districts. This is likely a result of added competition from the new-home sector. </li></ul> HOUSING MARKET FACTS Norm Rousseau http://www.view-our-homes.com/Post/964851ce-050e-4d74-ab8e-16545d45e0a7 Fri, 02 Nov 2018 12:58:27 G11T http://www.view-our-homes.com/Post/964851ce-050e-4d74-ab8e-16545d45e0a7 <p><b>City of Calgary, November 1, 2018 –</b><p>Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market.<br>Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent.<br>“Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising costs of ownership also continue to weigh on housing demand,” said CREB® chief economist Ann-Marie Lurie. Oversupplied market weighs on prices Norm Rousseau http://www.view-our-homes.com/Post/6387add3-5dff-4397-bd49-9d1548e410d2 Tue, 30 Oct 2018 03:32:00 G10T http://www.view-our-homes.com/Post/6387add3-5dff-4397-bd49-9d1548e410d2 <p><a href="http://www.view-our-homes.com/File/poppy2.jpg"><img width="558" height="323" title="poppy" style="display: inline; background-image: none;" alt="poppy" src="http://www.view-our-homes.com/File/poppythumb.jpg" border="0"></a></p> November 11 Norm Rousseau http://www.view-our-homes.com/Post/a0782798-2287-4aff-98a2-4d8b8dd42b3a Tue, 30 Oct 2018 03:10:05 G10T http://www.view-our-homes.com/Post/a0782798-2287-4aff-98a2-4d8b8dd42b3a <p><a href="http://www.view-our-homes.com/File/capture.jpg"><img width="531" height="460" title="Capture" style="display: inline; background-image: none;" alt="Capture" src="http://www.view-our-homes.com/File/capturethumb.jpg" border="0"></a></p> Nov 4 2018 Daylight Saving Time Ends Norm Rousseau http://www.view-our-homes.com/Post/1baec30c-bd27-4e13-b8fe-38a13b20f890 Tue, 02 Oct 2018 05:11:21 G10T http://www.view-our-homes.com/Post/1baec30c-bd27-4e13-b8fe-38a13b20f890 <p>Attached October 2, 2018<p>• The attached sector has recorded year-to-date sales of 2,814. This is 15 per cent below last year and 14 per cent below long-term averages. <p>• With no significant reduction in new listings, inventory levels remained elevated, pushing up months of supply to over seven months. <p>• Elevated levels of supply compared to demand persisted for both row and semi-detached product types. Like all other sectors, the oversupply has weighed on prices across all districts, except the City Centre, North East and East. HOUSING MARKET FACTS Norm Rousseau